InsurTech NY Opens Applications for Digital MGA Lab Cohort III [Yahoo! Finance]
MUENCHENER RE GP UNSP/ADR (MURGY)
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Source: Yahoo! Finance
Applications for the third cohort will be accepted from May 15 through July 15 , providing an opportunity for startups to develop insurance products in record time. The program is tailored to assist founders who have developed a proprietary underwriting advantage in building and launching an MGA (Managing General Agency) in North America . Ideal candidates include digital brokers, UK or EU MGAs, or analytics startups. Startups will be accepted at any funding stage from pre-seed to pre-IPO. "We have accelerated 20 digital MGAs to date across all lines of business," said David Gritz , Managing Director of InsurTech NY. "Our program is a proven process to get MGAs live with new products in half the typical time. We can support both pre-market and in-market MGAs." The 12-week Lab is tailored to address the specific needs of MGAs. It focuses on the critical areas of development including actuarial modeling, risk capacity, and product distribution. The Lab is backed by mentors who have
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